The uncertain national economy is sending investment land to its low point – that’s cheap land - making for one of the best investment opportunities in years. Asking prices for land and acreage have come down dramatically. Are you a value investor ? Consider this one: 70.14 mountain acres priced at just $0.07 per square foot.
OK – so that’s just another way of pricing cheap land. Nevertheless, in one North Carolina county, asking prices have come down from a high of $11,200/acre to only about $4,500/acre today. Another nearby mountain county had asking prices of over $42,000/acre in July of 2009, while today’s prices are in the $7,500/acre range.
Today, cheap land holds great potential for appreciation, unlike gold at all-time high prices. Once again, the economic uncertainty in our country suggests that NC mountain land offers the best potential for investment growth and wealth-building.
Tell us about your ideas for investing in this current depressed economy. Do you prefer stocks? Gold? Investment land? Have you recognized that cheap land offers incredible growth potential? We want to hear from you.